Aadhaar To Help Catch Money Launderers, Fake Bank Accounts

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Linking bank accounts with Aadhaar will help catching money launderers, and fake account holders, Law and IT Minister Ravi Shankar Prasad said.

"Why we are linking the bank account to the Aadhaar. If you do money laundering, you can be caught. If you have fake bank accounts, you will be caught," Mr Prasad said at cyber security conference organized by Observer Research Foundation. He said 60 lakh bank accounts have been linked to Aadhaar. The minister said that the government has saved Rs. 58,000 crore under direct benefit transfer scheme, detected 3 crore million fake gas connections and close to 27 crore ration cards with the help of Aadhaar card.

Aadhaar To Help Catch Money Launderers, Fake Bank Accounts

The minister said that every day, six crore authentications are done on the Aadhaar platform. He said that digital governance is the form of governance. How To Check Aadhaar And Bank Account Linking Status?

Mr Prasad said that the government is bringing most of the service online from hospital to land records, crop rates, etc.

"Indians have got the biggest footprint on Facebook today. India is emerging as big market. We are adding 5-6 start-ups every day. I see a new surge of start-up movement in India," Mr Prasad said.

The minister said that increase in adoption of technology has made cyber security vital for the country.

"We also have set-up sectoral CERTs (computer emergency response team) in the field of banking, power, finance and we also encouraging cyber drills and auditors," Mr Prasad said.

The minister said that 0.06 per cent of digital frauds have been unearthed which is a challenge for the country.


Read more about: aadhaar, bank accounts
Story first published: Thursday, October 5, 2017, 11:22 [IST]
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